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BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 2 branch locations and about $57.97 million in total assets. Opened 66 years ago in 1955, BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION has about 4,532 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 1110
BIG SPRING, TX 79721
Phone:(432) 263-8393
Fax:(432) 263-4817
Website:http://www.bstcu.com
Branches:2 branch locations
Members:4,532
Credit Union Type:Federal Credit Union
Charter Number:10577
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1955
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$57,968,288
CEO/Manager:Ashley Fowlkes
Chairperson:LINDA CONWAY

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,807,657
TOTAL INVESTMENTS 5,810,005
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,393,153
 Other Loans 16,821,854
 TOTAL LOANS 19,215,007
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -559,180
 Land And Building 851,144
 Other Fixed Assets 132,942
 NCUSIF Deposit 439,516
 All Other Assets 271,197
  TOTAL ASSETS 57,968,288
LIABILITIES & CAPITAL:  
 Dividends Payable 17,893
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 342,170
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,406,586
 Regular shares 18,244,924
 All Other Shares & Deposits 20,254,844
  TOTAL SHARES & DEPOSITS 49,906,354
  TOTAL LIABILITIES 50,266,417
 Regular Reserve 739,318
 Other Reserves 0
 Undivided Earnings 6,962,553
  TOTAL EQUITY 7,701,871
  TOTAL LIABILITIES, SHARES, & EQUITY 57,968,288
INCOME & EXPENSE  
 Loan Income 1,541,482
 Investment Income 406,916
 Other Income 452,465
 Total Employee Compensation & Benefits 828,557
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 763,169
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 320,200
 Cost of Funds 87,055
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 401,882
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